Mississippi Companies Total Pretax Earnings Drop Precipitously By $2.2 Bil or By 210% in Annual 2017, the Trump Administration's First Year in Office ............................................................................

From a review of US SEC filings, there were 13 Companies headquartered in Mississippi with stock market caps or total equity of more than $100 mil recently.

These 13 Mississippi Cos posted an Audited Gold-Standard US GAAP Total Pretax Loss From Continuing Operations of $1.159 Bil in Fiscal Year Ended (FYE) 2017, the Trump Administration’s first year in office, an earnings deterioration of $2.211 Bil from FYE 2016.

In contrast, in each of the three preceding years (in 2016, in 2015 and in 2014), these same 13 Mississippi Companies posted annual Total Pretax Income in excess of $1 Bil.

Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.  

This didn't even come close to happening for Mississippi Companies in the aggregate in annual 2017.

From a review of its audited financial statements in its SEC filings, Mississippi Power Co's Pretax Estimated Loss directly reducing Its Audited Pretax Income related to the financially-disastrous Kemper IGCC Facility totaled an amazing $6.203 Bil through the end of 2017.

The Losses recorded by year were $1.180 Bil in 2013, an additional $0.868 Bil in 2014, a further additional $0.365 Bil in 2015, an even further additional $0.428 Bil in 2016 and an additional $3.362 Bil just in 2017, for a Total of $6.203 Bil.  Whew! 

My Focus is on Pretax Income rather than on After-Tax Net Income because Corporate Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Fiscal Years Ended 2017, 2016, 2015 and 2014 for these 13 Mississippi Companies.

						Obama	Obama
				Trump	Obama	Admin	Admin
				Admin	Admin	Second	Third
				First	Last	Last	Last
				Year	Year	Year	Year
				2017	2016	2015	2014
				Audited	Audited	Audited	Audited
				Pretax	Pretax	Pretax	Pretax
				Income	Income	Income	Income
				(Loss)	(Loss)	(Loss)	(Loss)
			Company	From	From	From	From
	City	State	2017	Continuing	Continuing	Continuing	Continuing
Mississippi Companies	HQs	HQs	FYE	Operations	Operations	Operations	Operations
				$ mils	$ mils	$ mils	$ mils
Sanderson Farms	Laurel	MS	Oct 17	425	293	334	379
Hancock Whitney	Gulfport	MS	Dec 17	308	187	170	242
BancorpSouth	Tupelo	MS	Dec 17	232	196	187	167
Entergy Mississippi	Jackson	MS	Dec 17	184	173	155	131
Renasant Corp	Tupelo	MS	Dec 17	160	136	100	86
Trustmark Corp	Jackson	MS	Dec 17	154	139	151	162
System Energy Resources	Jackson	MS	Dec 17	149	168	164	180
Callon Petroleum	Natchez	MS	Dec 17	122	(92)	(202)	61
Cal-Maine Foods	Jackson	MS	May 18	117	(114)	487	247
East Group Properties	Ridgeland	MS	Dec 17	84	96	48	48
First Bancshares	Hattiesburg	MS	Dec 17	18	14	12	9
Citizens Holding Company	Philadelphia	MS	Dec 17	8	8	10	9
Mississippi Power Co	Gulfport	MS	Dec 17	(3,120)	(152)	(78)	(612)
Total all 13 Mississippi Companies				(1,159)	1,052	1,538	1,109
Total Pretax Income Reduction 2017 vs 2016
………. Amount in $ mils				(2,211)
………. % Decline				-210%